Steel & Tube Results of 2022 Annual Shareholders Meeting

Meeting Results Announcement

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30 September 2022


Results of Steel & Tube Holdings Limited Annual Meeting

At Steel & Tube Holdings Limited’s shareholder meeting, held in Auckland today, shareholders
were asked to vote on four resolutions, which were supported by the Board.

As required by NZX Listing Rule 6.1, all voting was conducted by a poll.

The resolutions passed by shareholders were:

• RESOLUTION 1: AUDITORS REMUNERATION
• RESOLUTION 2: RE-ELECTION OF JOHN BEVERIDGE
• RESOLUTION 3: ELECTION OF ANDREW FLAVELL
• RESOLUTION 4: DIRECTORS’ REMUNERATION

Detail of the total number of votes cast in person or by a proxy holder are:

Resolution For Against Abstain
AUDITOR’S REMUNERATION
That the Directors be authorised to fix the fees
and expenses of KPMG as the company’s
auditor.
55,623,869

99.33%
373,202

0.67%
24,466
RE-ELECTION OF JOHN BEVERIDGE
That John Beveridge, who retires by rotation
and is eligible for re-election, be re-elected as a
Director of the Company.
55,913,990

99.84%
90,596

0.16%
16,951
ELECTION OF ANDREW FLAVELL
That Andrew Flavell, who was appointed as a
Director by the Board during the year, be
elected as a Director of the Company.
55,972,250

99.97%
19,438

0.03%
29,849
DIRECTORS’ REMUNERATION
To authorise, for the purpose of NZX Main
Board Listing Rule 2.11, an increase in the total
amount of remuneration payable per annum to
non-executive Directors from $575,000 to
$642,500 an increase of $67,500 (12% - an
average of 2.3% per annum for the past five
years), to be paid and allocated to the non-
executive Directors as the Board considers
appropriate.
47,219,237

85.67%
7,895,969

14.33%
906,331


Authority for this announcement
Name of person authorised to make this
announcement
Richard Smyth

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Contact person for this announcement Chief Financial Officer & Company Secretary
Contact phone number +64 21 646 822
Contact email address Richard.smyth@steelandtube.co.nz
Date of release through MAP 30/9/2022